NEWS: Crude oil price increased 1.2% after tradditional US sanctions on Russia that could tighten global oil supplies.
Possible Scenarios:
if Crude oil fails to breach through R1 of 67.91, our Research Department expects the Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 67.91, our Research Department expects the Crude oil to extend its gains to its R2 of 68.511.
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
65.109 |
65.709 |
66.310 |
67.110 |
67.910 |
68.511 |
69.111 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.59 |
(+/-) £74.15 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16840
***GBP/USD = 1.34854
Calculations for exchange rate used as of Monday, July 14, 2025, 10:00: AM